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b. Online Certification (09/14/2015)
i. Standard
The Mortgagee, through a Corporate Officer, must complete a series of annual certification statements that address the Mortgagee’s compliance with FHA requirements over the Certification Period. The Certification Period is the one-year period beginning on the first day of the Mortgagee’s prior fiscal year and ending on the last calendar day thereof.
ii. Required Documentation
The certification must be completed through LEAP by a Corporate Officer of the Mortgagee who has been granted the Certifying Official authorization in FHAC.
iii. Unable to Certify
(A) Standard
If a Mortgagee is unable to truthfully certify to one or more of the statements set forth in the online certification, the Mortgagee must not make the particular certification.
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I. DOING BUSINESS WITH FHA A. FHA Lenders and Mortgagees (09/20/2021)
8. Annual Recertification
(B) Required Documentation
The Mortgagee must submit an explanation for each certification that it is unable to complete. The Mortgagee may submit supporting documentation with its explanation.
If additional information is required as a result of the Mortgagee’s explanation, FHA will advise what additional information or documentation is required and provide a due date for the submission of the requested information or documentation.
(C) FHA Review
FHA will review the Mortgagee’s explanation and request any additional information or documentation needed to render a final decision regarding the Mortgagee’s ability to complete the annual recertification process.
iv. Repercussion of False Certification
If a Mortgagee submits a false certification to FHA, the Mortgagee and its certifying Corporate Officer may be referred for criminal, civil, or administrative actions, as appropriate.